Question What is the best jurisdiction for unlicensed cryptocurrency gambling website?

[Panther]

squiddy said:
Do you suggest to sell crypto on company level and redistribute profits as fiat or just pass crypto directly to company members? I expect liquidating crypto on business level can be hell of a challenge.
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No i dont suggest that.. the companies i do suggest but how to operate is a different story...

 

[squiddy]

Panther said:
No i dont suggest that.. the companies i do suggest but how to operate is a different story...
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So just repack profit from company A to make company B a legit SOF, right?

 

[banafinfodafuggiano]

anyone knows if you truly need a license if your gambling business ONLY accepts Crypto as form of payments?

 

[squiddy]

banafinfodafuggiano said:
anyone knows if you truly need a license if your gambling business ONLY accepts Crypto as form of payments?
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I believe that a license may not always be required to run a crypto gambling business. The necessity of a license depends on the regulations in the jurisdictions (potentially more than one) where: your business is registered, where the servers are located, and where the players connect to your service from. By carefully considering all of these conditions, you will be able to determine whether a license is necessary. It is important to note that running advertising campaigns and officially cashing out earned crypto may be difficult without a license.

 

[Sols]

banafinfodafuggiano said:
anyone knows if you truly need a license if your gambling business ONLY accepts Crypto as form of payments?
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If all you do is run an ecommerce business that accepts payment by crypto, you don't need a license.

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This is the probably the answer to your question.